Specialty treaty
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The broker has hired Paul Cousins from Chesterfield Group and Matt Webb from Ed Broking to run the division. -
Exclusions and coverage changes absolutely make sense as a goal, but some wordings have thrown up additional risks.
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Cedants are grappling with rising rates while coverage narrows.
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Insurance Insider selects 10 exclusive news stories reported by our team on the frontline at Monte Carlo Rendez-Vous.
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The carrier’s withdrawal from certain specialty lines comes as remediation feeds through into improved results.
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The former reinsurance leader’s exit from treaty highlights wider pressures on the market.
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Sources described Australia as ‘the new Florida’ while US rates are also on the rise.
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The agency highlighted potential aviation losses from the war ranging from $6bn to $15bn.
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Lloyd’s 2021 results have revealed significant improvements in virtually all lines of business as well as rocketing premium growth in reinsurance and primary casualty business.
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The intermediary has also bought a majority share in Ace Re.
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Plus the latest executives on the move and all the top news of the week.
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Industry veteran Rick Girden runs the construction portfolio, which is projected to grow to $200mn this year.
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